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School Planning, NCDPI, 2009

12

QSCBs and QZABs

Both Apps due tomorrow

Start discussions with lenders NOW

Qualified School Construction Bonds (QSCBs)

Funds not issued by Dec 31 will be added to next year’s amount (probably another 88.6M (5 LEAs) + 187.17M)

Qualified Zone Academy Bonds (QZABs)

56.7M for 2008 & 2009 probably 44.1M for 2010

10% Match, 35% free/reduced lunch

Zero Interest

Renovations only

500K – 4M allocations/LEA

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